Nio secures another US$2.2 billion investment from Abu Dhabi's CYVN

Peng Chen, DIGITIMES Asia, Taipei Tuesday 19 December 2023 0

Credit: Nio

China-based Nio announced on December 18 that it has entered a share subscription agreement with Abu Dhabi-based CYVN Holdings. CYVN plans to invest US$2.2 billion in the EV maker, facilitating its brand positioning and technology development.

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